Laserfiche WebLink
CITY OF LINO LAKES, MINNESOTA <br />REQUIRED SUPPLEMENTARY INFORMATION Statement 12 <br />SCHEDULE OF CHANGES IN THE TOTAL OPEB LIABILITY AND RELATED RATIOS <br />For The Year Ended December 31, 2017 <br />Covered -employee payroll <br />Total OPEB liability as a percentage of covered -employee payroll <br />$3,499,836 <br />21.3% <br />The schedule is provided prospectively beginning with the City's fiscal year ended December 31, 2017 and is intended to <br />show a ten year trend. Additional years will be added as they become available. <br />r•► <br />2017 <br />Total OPEB liability: <br />Service cost <br />$16,990 <br />Interest <br />22,542 <br />Changes of benefit terms <br />- <br />Differences between expected and actual experience <br />(51,083) <br />Changes in assumptions <br />- <br />Benefit payments <br />(31,536) <br />Net change in total OPEB liability <br />(43,087) <br />Total OPEB liability - beginning <br />789,627 <br />Total OPEB liability - ending <br />$746,540 <br />Covered -employee payroll <br />Total OPEB liability as a percentage of covered -employee payroll <br />$3,499,836 <br />21.3% <br />The schedule is provided prospectively beginning with the City's fiscal year ended December 31, 2017 and is intended to <br />show a ten year trend. Additional years will be added as they become available. <br />r•► <br />